Gatehouse Capital Inc.

Gatehouse Capital Inc.

May 24, 2010 20:56 ET

Gatehouse Capital Inc.: Temporary Cessation from Distribution of TIS Preservation and Growth Fund

TORONTO, ONTARIO--(Marketwire - May 24, 2010) - Gatehouse Capital Inc. announced today that effective Tuesday May 25, 2010 it is temporarily ceasing distribution of the TIS Preservation and Growth Fund.

The decision to temporarily halt purchases of the fund will give the portfolio sub-adviser an opportunity to dispose of a private investment in the Fund, and is pursuant to an undertaking made by the Manager to the Ontario Securities Commission.

The Fund will continue to be sub-advised during this period by Larry Jeddeloh, of North Oaks, Minnesota-based TIS Group. The day-to-day investment activities of the Fund are not impacted by this decision.

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